A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Windsor and Burnaby are nearby. This neighbourhood is Somewhat Walkable with a walk score of 62. Excellent Transit is available in Marlborough. This neighbourhood is Somewhat Bikeable with a bike score of 45.
Viewed as one of Burnaby's condo hot spots, Marlborough, has a total of 46 condo buildings. Condo development in this neighbourhood has been thriving with 25 High-Rise, 19 Low-Rise, 2 Luxury, 2 Mid-Rise, and 1 Pre-Construction. There are great options of condos for sale in Marlborough to call home. Condos for sale in Marlborough are on the market for an average of 68 days. Marlborough had 346 condos sold within it in 2020, an increase of 62% compared to the year before. Last year condos for sale in Marlborough had an average sale price of $$887,168, an decrease of -11% from the year before. This neighbourhood is Somewhat Walkable with a walk score of 62. Excellent Transit is available in Marlborough. This neighbourhood is Somewhat Bikeable with a bike score of 45. You can find the neighbourhoods of Oakalla and Maywood nearby.
Little Monk Pretzels and Manzano Europa Bakery Inc. are great bakeries in Marlborough. Coffee shop lovers will appreciate local cafe's like CoCo Fresh Tea & Juice, OneZo Tapioca, and Starbucks. Foodies won't be disappointed by the presence of excellent local restaurants Cactus Club Cafe Kingsway and Isami Sushi. Do you love to be outside? There are great parks in Marlborough such as Park Vessonas and Marlborough Park East. T & T Pharmacy is a conveniently located pharmacy in Marlborough. There is great shopping at Vans Store Metropolis at Metrotown. Be sure to check out Survivor Bootcamp South burnaby and Bonsor Recreation Complex if your condo building does not have a gym- some great local fitness centers! The local schools in Marlborough is Marlborough. There are many students in this neighbourhood as Pacific Link College Burnaby is located within it.